The Centre has asked the Jaganmohan Reddy government in AP not to shake the confidence of the investors who are crucial for industrial development. Anand Kumar, Secretary, Ministry of Renewable Energy, GoI, wrote to AP Chief Secretary LV Subrahmanyam asking him to advise CM Jaganmohan Reddy properly not to revisit the power purchase agreements reached for solar and renewable energy generation.
The Centre also expressed concern that the AP government’s statements in the media are sending wrong signals which will disturb the targets set for renewable energy generation in the state and also the country. It told the state government not to disturb the national level programmes by creating doubts over existing power purchase agreements.
The Centre has also asserted that there have been no loopholes in the PPAs reached so far and hence no need for revisiting them. The Centre’s comments came a day ahead of PM Modi’s visit to Tirupati where he will address party meeting and visit Tirumala.
